Create a new account

It's simple, and free.

New Economy Leadership Today, organizational

Today, organizational leaders are confronting a new set of management challenges which are the direct result of globalization of markets, the rapid diffusion of information and communication technologies, and the transformation which has shaped a ônew economyö that is knowledge-based and service-oriented (Dess & Picken, 2000). In the new economy, the organizational focus has shifted from capital intensive industries such as steel and automobiles to information intensive industries such as information services, financial services, and logistics.

This transformation of what organizations do is necessitating a shift in focus and emphasis for organizational leaders. Dess and Picken (2000) point out that the traditional tools and techniques of management have been designed to ensure organizational stability, operational efficiency, and predictable performance. In most organizations, formal planning processes, centralized decision-making, hierarchical structures, standardized procedures, and numbers-oriented control systems continue to be at work. It is the view of Dess and Picken (2000) that these structures and processes provide for organizational efficiency while tending to limit flexibility and to create impediments to the innovation, creativity, and change that now exists in the workplace.

Because of this, Bennis (1999) believes that top-down leadership in which heroic individuals or charismatic icons play the dominant role in shaping an organizationÆs culture, mission, and values is no longer applicable. New leadership must involve the full inclusion, initiation, and cooperation of followers. Top-down leadership must be augmented with bottom-up leadership and peer-to-peer or horizontal leadership.

Bennis (1999) claims that todayÆs organizations are evolving into federations, networks, clusters, cross-functional teams, temporary systems, ad hoc task forces, lattices, modules, and matrices. The pyramidal structure...

Page 1 of 8 Next >

More on New Economy Leadership Today, organizational...

Loading...
APA     MLA     Chicago
New Economy Leadership Today, organizational. (1969, December 31). In LotsofEssays.com. Retrieved 09:14, March 28, 2024, from https://www.lotsofessays.com/viewpaper/1702099.html